Skytree Looms in Big Data Forest with New Funding

Big data has become one of tech’s biggest buzz phrases, despite varying definitions about what it really is. But the financial bets being placed are pretty substantial, with Skytree emerging as the latest example.

The Silicon Valley startup on Tuesday is announcing it has raised $18 million in Series A funding, a fairly hefty amount these days for an early-stage software company with less than 20 employees. U.S. Venture Partners, a venerable name in the venture-capital world, led the round. Scott McNealy, the former chief executive of Sun Microsystems, is also participating.